In 1965 Yusuf Muda Dalam, the Governor of Bank Indonesia who also acted as the Minister of the Central Bank Affairs had the Command Stick used when he led the Unitary Bank.
On one of the stick grip-handle reads the inscription : “Bank Negara Indonesia”, not Bank Indonesia. This was because at that time Bank Indonesia was fused in the Unitary Bank and its name was changed to Bank Negara Indonesia Unit I.
In addition to the Swagger Stick, the Minister of the Central Bank Affairs also used a gavel when he was leading the meetings with the directors of the Unitary Bank and private banks.

Indonesian Banking Architecture

"Building of good corporate governance for internal strengthening of the national banking system"

This program is focused on improving good corporate gover​nance (GCG), quality of risk management, and the operational capabilities of management. It is expected that higher standards of GCG supported by strong operational capability (including risk management) will strengthen bank operational performance. The national banking system is thus expected to achieve significant gains in internal strength over the next two to five years.

::Phase of Implementation

No

Activity (Pil​lar IV)

Implementation

Schedule

1

Building Good Corporate Governance (GCG)

a.

Establish minimum standards of GCG for conventional and sharia banks

2004-2007

b.

Require banks to perform self-assessment of CGC implementation

2007

c.

Encourage banks to go public

2004-2007

2

Improve the quality of bank risk management

a.

Require certification for risk managers at conventional and sharia banks